Sequoia Capital along with @Canaan_Partners has invested R35 Cr in location-based mobile advertising platform – Adnear.
The funds raised will used for expansion in to Asia-Pacific region and towards growing the team.
Founded in 2008 by Anil Mathews, Adnear provides based mobile advertising that supports both feature phones and smart phones. It is currently serving in India, Singapore, Australia, and other Asia-Pacific countries.
Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.
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